RadioShack up on report of company mulling sale
RadioShack Corp is exploring alternatives including a share buyback or a possible sale of the company that could net more than $3 billion, the New York Post said, citing sources close to the situation.
A healthy diet may trim breast cancer risk
NEW YORK (Reuters Health) - A woman may not be able to change her family history of breast cancer, but she can typically control what she eats and drinks. And consuming more vegetables and whole grains -- and less alcohol -- just might trim her chances of getting the disease, according to an analysis of published studies.
Consumer sentiment steady in March
Consumer sentiment ended unchanged in March from February, a survey released on Friday showed, while the reading slightly beat expectations.
Wall Street gains after Greece deal, consumer data
Stocks advanced on Friday as a standby aid package announced by euro zone leaders eased worries about Greece's debt problems and U.S. consumer sentiment data signaled the recovery was intact.
GM adds third shift to Ontario plant
General Motors Co is bringing back 600 laid-off workers at its Oshawa, Ontario, assembly plant, where it is adding a third shift to support a ramp-up in production at another local factory, the company said on Friday.
Nabucco to complete gas pipeline project by 2014
Nabucco Consortium said it will start the construction of the gas pipeline from the Caspian region to Europe. Nabucco Managing Director Reinhard Mitschek said, We are aiming to start with the construction at the end of 2011 and we'll expect first gas to flow at the end of 2014. The Nabucco Consortium has no indication to shift the current timeline.
India to expand basmati rice markets to boost export
India, world's largest producer of aromatic, premier variety basmati rice, is planning to expand its market by exporting to two more countries and increasing shipments to existing country, said APFPEDA official on Friday. State run Agricultural and Processed Food Products Export Development Authority (APFPEDA) said that Mexico has contracted for the basmati rice and China is expected to open a market for premium rice soon.
Toyota sets Canadian tests for plug-in Prius hybrids
The controversy surrounding safety issues at Toyota Motor Corp has not changed the way it is market testing the new plug-in version of its Prius Hybrid, the director of Toyota Canada said on Thursday.
Gold coins, bars glitter as Gold ETF demand wanes
Demand for gold bars and gold coins is rising in major yellow metal consuming nations like China and India as investors are leaving the paper gold-exchange traded funds or Gold ETFs for physical gold. In India, sale of gold coins and gold bars is increasing despite the high price of gold. A recent Commodity Online study said that buying of gold coins has increased across jewellery shops, banks and post offices in India thanks to financial year schemes. In India, the financial year closes on Marc...
Renault-Nissan, Daimler eye mutual stakes-sources
The Renault-Nissan group and Daimler AG are considering taking symbolic stakes in each other and working on bigger joint projects, sources said, in the face of intense pressure to cut costs and develop cleaner cars.
NEWSMAKER-Geely's Li to go global with Volvo deal
Geely founder Li Shufu, China's Henry Ford, looks set to rewrite the automotive history books this weekend with the purchase of Ford's Volvo car unit, which would be China's largest offshore auto deal.
TIMELINE-China carmakers eye global brands
U.S. carmaker Ford Motor Co looks set to sign the deal to sell its Swedish Volvo unit to China's Geely on Sunday, in what would be the largest-ever purchase of a foreign automaker by a Chinese counterpart.
AIG's near-collapse yields gold for Wall Street
The crumbling empire of American International Group Inc is helping to pave Wall Street with gold.
Obama housing plan seeks to reduce mortgage debt
The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.
Wall Street rises after Greece deal, consumer sentiment
Stocks rose on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while data showed consumer sentiment rose slightly more than expected in March.
Oil sheds gains as U.S. data dents bullish mood
Oil lost all its gains to trade around $80.50 after data showed the U.S. economy grew less briskly than expected last quarter and a plan to give Greece a safety net failed to quell concerns any recovery was fragile.
News Corp to charge for UK Times online from June
News Corp will charge readers for online versions of its UK Times and Sunday Times newspapers from June, becoming the first media firm to test consumers' appetite to pay for mass-market news online.
Escape from Wall Street
UBS adviser Chuck Huebner knew he was done with big brokerages when some supervisors questioned a stock he had purchased for one of his clients. The offending equity? Berkshire Hathaway.
Wall Street set to gain after Greece deal
Wall Street was poised to open higher on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while investors awaited data on consumer sentiment.
EUR/USD – what is coming next?
After a sideways range in the morning between 1.3283 and 1.3347 the cross-pair broke out into the direction of „northern regions, but nothing more. This was not a trading day as I expected before.Alltogether the cross-pair recovered of its blessures. Supported by political announcements of financial help for Greece of the EU. In the evening EURUSD reached about 1.3280.
Euro zone wins muted approval for Greece aid deal
Euro zone leaders won muted approval from financial markets on Friday for their agreement to create a safety net for debt-ridden Greece, but a row over the IMF's role flared up just as it had seemed settled.
Futures rise after Greece deal
Stock index futures rose on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while investors awaited data on consumer sentiment.
RadioShack evaluating strategic options: report
U.S. electronics retailer RadioShack Corp is exploring strategic alternatives that include a share buyback or a possible sale of the company that could net more than $3 billion, the New York Post said, citing sources close to the situation.
Fed agency scanning certain Calpers transacts: report
Los Angeles's justice department is scrutinizing certain investment transactions of public pension funds, including Calpers, the Wall Street Journal said, citing people familiar with the matter.
China makes its case for a steady yuan
China reaffirmed its determination on Friday to keep the yuan steady, rejecting U.S. arguments that a stronger exchange rate is needed to help iron out global trade imbalances.
Oil pivots around $81 as euro reacts to Greek plan
Oil tried to sustain forays above $81 with Brent briefly jumping over $1 as confidence over a deal to help debt-ridden Greece was tempered by worries the global recovery could still falter and keep crude demand weak.
Euro zone hopes Greece deal will impress market
Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.
Wall St futures point to higher open; data eyed
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.2 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
Euro up on Greece plan; Nikkei hits 18-month high
The euro rebounded from a 10-month low on Friday and Asian stocks rallied after euro zone leaders and the IMF agreed to provide a joint financial safety net for debt-laden Greece, lifting some pressure on the single currency.
ECB's Trichet says euro solution for Greece workable
The financial aid mechanism for Greece agreed by euro zone leaders on Thursday is workable but unlikely ever to be activated, European Central Bank President Jean-Claude Trichet said.